Question

George offered to sell Rubens his car and agreed to hold the offer open for one week, expiring Saturday at noon. The following Sunday, Rubens phoned George to tell him that he had decided to accept the offer and purchase George’s car. George said at that time that he had decided to keep the car and was just about to phone Rubens to revoke the offer. Rubens said, "Too bad," and demanded performance of the contract. Explain the legal responsibilities of the parties and the outcomeGeorge offered to sell Rubens his car and agreed to hold the offer open for one week, expiring Saturday at noon. The following Sunday, Rubens phoned George to tell him that he had decided to accept the offer and purchase George’s car. George said at that time that he had decided to keep the car and was just about to phone Rubens to revoke the offer. Rubens said, "Too bad," and demanded performance of the contract. Explain the legal responsibilities of the parties and the outcome

Answer 1

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Here we will discuss the case of George and Rubens in which Rubens was given a particular period of time to reply about the offer that states if he wants to buy the car or not. Rubens did not reply on time and later on, George told him that George was about to revocate the offer and Rubens ask for the performance of the contract, therefore, we will discuss the legal responsibilities of the parties and the outcome.

The decision of George of the revocation of the offer is definitely correct. According to the law of discharge of contract by lapse of time, it is clearly stated that if the promiser or promisee fails to keep the promise of performing the action on time the offer or the contract time should be discharged.

Clear Rubens did not keep his promise by replying about the offer on the time therefore George has a complete right to terminate the contract by fulfilling the necessary obligation towards the performance of the contract.

This law was formed with the motive of protecting the interest of the promiser and the promisee in any case where the promiser or the promisee fails to keep the promise of performing the action within the specific time period the the contract would be discharged.